Healthcare stocks were most lower Friday with the NYSE
Healthcare Sector Index sinking about 0.6% and shares of healthcare
companies in the S&P 500 falling around 0.8% as a group.
In company news, Molina Healthcare (
) was up nearly 4% at $39.32 a share in late trade after the
Medicare and healthcare services processor posted a surprise Q1
Q1 earnings at the company were $0.10 per share, excluding
non-recurring items, well over analyst estimates looking for a
$0.01 per share net loss. Revenue rose 30.1% year over to year to
$2.07 billion, edging out the consensus view by about $0.10 per
The company also reaffirmed its FY14 guidance expecting adjusted
EPS of $1.65 to $2.15, in-line with the $1.95 per share
In other sector news,
(+) RXII, Announces positive test results for its RXI-109 drug
candidate, reducing levels of a protein that helps form scars after
being injected into the eyes of cynomolgus monkeys.
(-) IMMU, Prices underwritten public offering of 9 mln shares of
ts common stock at $3.35 each - a 19% discount to Thursday's
closing price. Proceeds will fund Phase III testing of its
prospective pancreatic cancer drug as well as other trials.
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